ECONOMICS VOCABULARY

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Across
  1. 3. resources raw materials used to make goods
  2. 4. money, buildings, machines, supplies needed by a business
  3. 6. system for producing, distributing, and consuming goods and services
  4. 9. private ownership of business, citizens control factors of production
  5. 14. high unemployment, low literacy rate and GDP, poor health care
  6. 15. workers who create goods or perform services
  7. 18. owners and workers
  8. 20. people who perform an act for others
  9. 21. central control/ownership of industry, sets wages and prices
Down
  1. 1. makes products from natural resources
  2. 2. people who start businesses
  3. 5. sale of goods in large quantities to retailers
  4. 7. nation which has good employment, education, and health care, high GDP
  5. 8. ability to read and write
  6. 10. takes natural resources form the earth
  7. 11. sale of goods to individual consumers in small quantities
  8. 12. death rate of babies under age of one
  9. 13. products made in an economy
  10. 16. people who buy goods and services
  11. 17. total measure of the value of all goods and services for a country
  12. 19. total government control of all factors of production, classless society
  13. 22. act performed for others like doctors, teachers, police